Realty Biz

SEPTEMBER 14, 2023

Attorneys assist in reviewing and negotiating sale agreements, clearing title issues, and preparing all necessary legal documents. Lenders Lenders, such as banks or mortgage companies, may also engage real estate attorneys to represent their interests in a transaction. Lawyers do this by performing a title search.

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Purchase and sale agreement Title search Title Due diligence 99

HomeLight

OCTOBER 5, 2020

Also remember that, although you may be hoping for a discount, the bank is trying to recoup as much of the appraised value as possible. Before you bid, it’s a good idea to run a title search , which will give you an indication of any liens on the home. Constantine recommends you do your due diligence.

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Due diligence Earnest money deposit Banks Inspection 54

HomeLight

JUNE 23, 2022

Here are eight common situations where buyers often get their earnest money back: 1. Issues that arise during due diligence. Most contracts include a due diligence deadline anywhere from seven days to two weeks after the agreement date. Title search reveals a lien or ownership issue.

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Earnest money deposit Purchase and sale agreement Due diligence Home sale contingency 108

HomeLight

OCTOBER 30, 2020

People think that a wire from their financial institution — it might be a stock trading institution or a foreign bank — they assume that all wire transfers take the same amount of time,” reveals Jordan Clarke, a top California agent who completes 13% more transactions than the average Carlsbad agent. The title isn’t clear.

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Closing Inspection contingency Title search Purchase and sale agreement 112

HomeLight

MAY 24, 2022

Even though it’s all cash to the sellers at closing, with a cash offer, “you don’t have to go through the appraisal or the bank approval process — it’s cleaner.”. But other than reaching the closing table faster with cash, another advantage to a cash offer is that it saves you money long-term. Submit earnest money: 1 day.

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Purchase and sale agreement Closing Title search Title 106

HomeLight

MARCH 22, 2022

Who doesn’t love the charm that popular Netflix shows (we’re looking at you, Outer Banks ) make us weep to call home? Ever heard of the due diligence fee in North Carolina? North Carolina is unique with its due diligence expense. They could include a home inspection fee, title search, and mortgage origination fee.

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Due diligence Closing costs Earnest money deposit Loans 92

HomeLight

OCTOBER 29, 2020

This indicates to the seller that you’ve been qualified to secure funding, and proves that you’re serious about buying since you’ve already gone to the trouble of talking with a bank. If you’re obtaining traditional financing, waiving the financing contingency can put your earnest money deposit at risk.

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Purchase and sale agreement Pre-approval Earnest money deposit Inspection 80